easyJet plc (OTCMKTS:ESYJY) Sees Large Drop in Short Interest

easyJet plc (OTCMKTS:ESYJYGet Free Report) was the recipient of a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 3,176 shares, a decrease of 69.5% from the June 30th total of 10,413 shares. Based on an average trading volume of 79,124 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Morgan Stanley reiterated an “underweight” rating on shares of easyJet in a research report on Wednesday, June 24th. Citigroup restated a “neutral” rating on shares of easyJet in a research report on Monday, July 13th. Deutsche Bank Aktiengesellschaft raised shares of easyJet from a “sell” rating to a “hold” rating in a report on Wednesday, June 10th. Sanford C. Bernstein cut easyJet from an “outperform” rating to a “market perform” rating in a research note on Monday, April 13th. Finally, Barclays restated an “overweight” rating on shares of easyJet in a research report on Monday, June 15th. One investment analyst has rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Reduce”.

Check Out Our Latest Analysis on easyJet

easyJet Price Performance

Shares of OTCMKTS:ESYJY opened at $8.27 on Monday. The firm has a 50 day moving average of $7.01 and a 200 day moving average of $6.20. easyJet has a 52 week low of $4.57 and a 52 week high of $9.17.

About easyJet

(Get Free Report)

easyJet plc, trading on the OTC Markets under the symbol ESYJY, is a British low-cost airline headquartered at London Luton Airport. As one of Europe’s leading short-haul carriers, the company operates a network of scheduled services, offering point-to-point flights across more than 30 countries. easyJet’s primary focus is on delivering affordable, no-frills air travel to both leisure and business passengers, supported by ancillary offerings such as seat selection, baggage allowances, and flexible ticketing options.

Founded in 1995 by entrepreneur Stelios Haji-Ioannou, easyJet pioneered the budget airline model in Europe.

Further Reading

Receive News & Ratings for easyJet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for easyJet and related companies with MarketBeat.com's FREE daily email newsletter.